Bahamas Consulting on Options for a Pillar 2 Compliant Tax Regime

The Bahamas Ministry of Finance issued a Green Paper for consultation on 18 May 2023, including four different options for the introduction of a Pillar 2 compliant tax regime that also transitions away from the existing business licence tax (BLT). The proposed options include:

• Option 1 - A 15% tax rate in compliance with Pillar 2 for in-scope groups with revenue of EUR 750 million or higher;
• Option 2 - in addition to Option 1, a 10% tax rate for other companies;
• Option 3 - in addition to Op…